This page reflects MTDR options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — MTDR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $52.50 (2.32 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$52.50
Nearest expiry
Expected Move
±$3.35
±6.7%
Days to Expiry
15
Calendar days
Total Call OI
4,822
Nearest expiry
Total Put OI
858
Nearest expiry
P/C OI Ratio
0.18
Put-heavy
Spot Price
$50.18
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$57.50
5/15/2026, 11:25:30 PM
2026-06-18
$50.00
6/18/2026, 11:22:35 PM
2026-07-17NextUpdated
$52.50
7/3/2026, 11:21:31 PM
2026-08-21
$52.50
7/3/2026, 11:21:31 PM
2026-09-18
$52.50
7/3/2026, 11:21:31 PM
2026-11-20
$55.00
7/3/2026, 11:21:31 PM
2026-12-18
$52.50
7/3/2026, 11:21:31 PM
2027-01-15
$45.00
7/3/2026, 11:21:31 PM
Selected expiration: 2026-07-17 at max pain $52.50.
MTDR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
1122250
1122250
37.5
250
907750
908000
40
750
693250
694000
42.5
1750
499750
501500
45
2750
311000
313750
47.5
4250
152750
157000
50
6250
65000
71250
52.5
18500
27500
46000
55
559250
5250
564500
57.5
1149000
0
1149000
60
1959000
0
1959000
62.5
2815750
0
2815750
65
3736500
0
3736500
70
6133000
0
6133000
75
8543000
0
8543000
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.